May 28, 2019 / 10:10 AM / 7 months ago

Scotiabank posts 1.4% rise in quarterly profit

May 28 (Reuters) - Bank of Nova Scotia, Canada’s third-biggest lender, reported a 1.4% rise in adjusted second-quarter profit on Tuesday, due to higher interest income.

Scotiabank reported adjusted net profit attributable to shareholders of C$2.08 billion, or C$1.70 per share, in the quarter ended April 30, compared with C$2.06 billion, or C$1.71 per share, a year earlier. (reut.rs/2KhjnDJ)

Analysts on average had expected a profit of C$1.74 per share, according to IBES data from Refinitiv. It was not immediately clear if the numbers were comparable. (Reporting by Bharath Manjesh in Bengaluru; Editing by James Emmanuel)

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